Construction Machinery Rental Market Report 2025 (Global Edition)

Global Construction Machinery Rental Market Report 2025 Market Size Split by Vehicle Type (Earthmoving equipment, Material handling), by Machinery Type (Cranes, Telescopic Handlers, Excavators, Loader...

Construction Machinery Rental Market Report Description

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Construction Machinery Rental Market Insights Video

Competitive Landscape of the Construction Machinery Rental Market

In the Construction Machinery Rental Market's competitive landscape, numerous key competitors are driving innovation and growth. Larger companies have acquired smaller competitors to bolster their market position and broaden their skills, leading to a consolidation of the Construction Equipment Rental market through mergers and acquisitions. Market rivalry is encouraging technological and design innovations to create Construction Machinery that fulfill both consumer wants and sustainability goals, keeping the market dynamic and competitive.

In July 2023, The new Cat Rental Pulse telemetry platform was launched, according to a statement from Caterpillar Inc. Rental companies can lower expenses, enhance fleet management, and track the whereabouts and usage of their equipment using Cat Rental Pulse. (Source: https://www.caterpillar.com/en/news/caterpillarNews/2023/visionlink.html) In August 2023, A new autonomous excavator is being developed, according to Komatsu Ltd. It is anticipated that this excavator will be accessible for hire in 2024. (Source: https://www.komatsu.jp/en/newsroom/2023/20231116) In June 2023, Houston South, the company's 22nd rental store in Texas, has opened, according to H&E Equipment Services Inc. This branch is equipped to handle a wide range of construction and general industrial equipment and features a completely fenced yard area, offices, and a separate repair shop. (Source: https://he-equipment.com/our-company/news/2023/h-e-opens-new-houston-south-branch)

Top Companies Market Share in Construction Machinery Rental Industry: (In no particular order of Rank)

• United Rentals
• Inc
• Herc Rentals Inc.
• Ashtead Group Plc
• Aktio Corporation
• Kanamoto Co.
• Ltd.
• Nishio Rent All Co.
• Ltd
• H&E Equipment Services
• Inc
• Nikken Corporation
• Cramo Group
• Ramirent Plc
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Construction Machinery Rental Market

Which Region Dominates the Construction Machinery Rental Market in 2024?

According to Cognitive Market Research, North America currently dominates the Construction Machinery market, and the region is expected to have significant growth during the projected period. This is as a result of the affordable, project-specific, high-tech machinery available.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The creation of highways, airports, dams, and special economic zones (SEZs) is a major investment made by the governments of growing economies in Asia in order to improve commerce, increase connectivity, and stimulate the general economy.

The current report Scope analyzes Construction Machinery Rental Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Construction Machinery Rental Market Analysis

According to Cognitive Market Research, the global Construction Machinery Rental Market size was estimated at USD 127154.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 50861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Construction Machinery Rental Market with a market size of USD 40129.87 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The U.S. market's Stringent governmental regulations against pollution.
• The Canada Construction Machinery Rental Market had a market share of USD 6103.40 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Construction Machinery Rental Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 4628.41 million in 2024.

Europe Construction Machinery Rental Market Analysis

According to Cognitive Market Research, the global Construction Machinery Rental Market size was estimated at USD 127154.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 38146.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• The United Kingdom Construction Machinery Rental Market had a market share of USD 6408.57 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. In the UK, Construction Machinery sales witness an upswing due to the increasing focus on new construction projects.
• The France Construction Machinery Rental Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 3509.46 million in 2024.
• According to Cognitive Market Research, the German Construction Machinery Rental Market size was valued at USD 7552.96 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. In Germany, Construction Machinery surged due to the Increased focus of the manufacturers and major market players.
• The Italy Construction Machinery Rental Market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 3280.58 million in 2024.
• The Russia Construction Machinery Rental Market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 5912.67 million in 2024.
• The Spain Construction Machinery Rental Market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 3127.99 million in 2024
• The Luxembourg Construction Machinery Rental Market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 1182.53 million in 2024.
• The Portugal Construction Machinery Rental Market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 801.07 million in 2024.
• The Greece Construction Machinery Rental Market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 457.76 million in 2024.
• The Rest of Europe's Construction Machinery Rental Market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 5912.67 million in 2024.

Asia Pacific Construction Machinery Rental Market Analysis

According to Cognitive Market Research, the global Construction Machinery Rental Market size was estimated at USD 127154.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 29245.47million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Construction Machinery Rental Market size was valued at USD 13160.46 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Construction Machinery surged in China due to Increased focus of the manufacturers and major market players.
• The Japan Construction Machinery Rental Market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 4035.87 million in 2024.
• The India Construction Machinery Rental Market had a market share of USD 3509.46 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. India's rising awareness among the populations .
• The South Korean Construction Machinery Rental Market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 2924.55 million in 2024.
• The Australian Construction Machinery Rental Market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 1520.76 million in 2024.
• The South East Asia Construction Machinery Rental Market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 2017.94 million in 2024.
• The Rest of Asia Pacific Construction Machinery Rental Market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 2076.43 million in 2024.

South America Construction Machinery Rental Market Analysis

According to Cognitive Market Research, the global Construction Machinery Rental Market size was estimated at USD 127154.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 6357.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Construction Machinery Rental Market size was valued at USD 2721.10 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Construction Machinery flourished in Brazil due to increasing demand from construction projects .
• Argentina's Construction Machinery Rental Market had a market share of USD 1068.10 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Argentina's rising personal disposable income .
• Colombia Construction Machinery Rental Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 565.84 million in 2024.
• Peru Construction Machinery Rental Market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 521.33 million in 2024.
• Chile Construction Machinery Rental Market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 457.76 million in 2024.
• The Rest of Latin America's Construction Machinery Rental Market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 1023.59 million in 2024.

Middle East Construction Machinery Rental Market Analysis

According to Cognitive Market Research, the global Construction Machinery Rental Market size was estimated at USD 127154.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 2543.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031..

• The GCC Countries Construction Machinery Rental Market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 1088.44 million in 2024. Construction Machinery sales flourish due to the presence of major market players.
• The Egypt Construction Machinery Rental Market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 267.02 million in 2024.
• The South Africa Construction Machinery Rental Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 401.81 million in 2024. Construction Machinery sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Construction Machinery Rental Market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 218.71 million in 2024.
• The Nigeria Construction Machinery Rental Market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 267.02 million in 2024.
• The Rest of the MEA Construction Machinery Rental Market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 300.08 million in 2024.

Construction Machinery Rental Market Analysis

How are Segments Performing in the Global Construction Machinery Rental Market?

Construction Machinery Rental Market Vehicle Type Segment Analysis

According to Cognitive Market Research, earthmoving equipment segment are likely to dominate the Construction Machinery Rental Market over the forecast period, because manufacturers are recognizing significant prospects as a result of a growth in road, bridge, and high-tower building. Bulldozers, trenchers, wheel loaders, and excavators are examples of earthmoving machinery. An important factor in the expansion of the industry is the increased usage of earthmoving excavators by the mining, construction, and agricultural sectors.

The material handling equipment is the fastest-growing segment in the Construction Machinery Rental Market. These material handling equipment become a trend, due to the growing need for construction equipment for industrial applications and the fast pace of industrialization. This creates essentially compelling equipments for those seeking a premium quality and sustainable alternative to traditional ones.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Construction Machinery Rental Industry. Request a Free Sample PDF!

Construction Machinery Rental Market Machinery type Segment Analysis

According to Cognitive Market Research, the cranes segment holds the largest share of the market. This is because contractors are using more and more different kinds of cranes for construction and building projects. Furthermore, equipment rental businesses currently own 60–65% of the crane fleet.

In the Construction Machinery Rental Market, the excavators has been expanding at a rapid pace. An important factor in the expansion of the industry is the increased usage of earthmoving excavators by the mining, construction, and agricultural sectors.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Construction Machinery Rental Driver Segment Analysis

Construction Machinery Rental Market Driver Segment Analysis

According to Cognitive Market Research, The hydraulic segment holds the largest market share. Electricity powers electric construction equipment. Because of this new technology's eco-friendliness and relatively lower running costs, manufacturers are embracing it quickly.

In the Construction Machinery Rental Market, the rapidly growing sector is the hybrid category. The growth in this category is induced by the rising demand for investment project and 3D printed affordable housing project.

• Hydraulic
• Hybrid

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion